Short Term Rental Rules and Information
We are heading in to summer time and there are always a bunch of fun events in San Diego for people to come in to town for (Comic-Con, Padres Games, the Zoo etc). Because there have been issues in the past at Alta with residents renting their units out for less than the required 30 day rental period, we want to provide some friendly reminders about what is and is not allowed. As fines for violating the minimal rental period are step and you could be fined up to $5,000 per day the unit is rented under the 30 day minimum rental period. Below are the building rules regarding rental requirements and attached is some information we have gathered about how short term rentals affect the building and other city and state codes that are in place. Please reach out to Management if you have any questions or concerns regarding this information.
RENTAL OF RESIDENTIAL CONDOMINIUMS
- Rental. An Owner shall be entitled to rent the Owner’s entire Residential Condominium (but not a portion thereof) for a term of not less than thirty (30) days. The Owner shall be responsible for all actions of the tenant and shall comply with the following guidelines.2. Written Lease or Rental Agreement. Any rental or leasing agreement shall be in writing, shall provide that the lease or rental is subject to the Governing Documents and shall provide that any failure to comply with any provision of the Declaration or the Governing Documents shall be a default under the terms of the lease agreement. A copy of any lease agreement shall be provided to the Association.
- Compliance with Governing Documents. A copy of the Governing Documents and this Project Handbook shall be provided by the Owner to each tenant. The leasing Owner is responsible for its tenant’s compliance with all of the provisions of the Declaration and Project Handbook pursuant to the occupancy and use of the Condominium at all times.
- Property Manager Notification. All Owners who rent their Condominiums must notify the Property Manager within seven (7) days of signing a lease agreement. At the time of notification, such Owner will be provided a “Lease Acknowledgement Form” to certify (i) that such Owner acknowledges and accepts he/she remains responsible for its tenant’s compliance with the terms of the this Project Handbook and all other Governing Documents pursuant to the occupancy and use of the Condominium; and (ii) that the lease or rental agreement complies with all the requirements set forth in this section. The Lease Acknowledgment Form must be filled out and signed by the leasing Owner and all its tenants.
- Access. All Owners are responsible for providing their tenants with key fobs and explaining all access procedures for their leased Condominiums and the Project. No additional key fobs will be issued to any new tenant. All leasing Owners must provide the key fobs issued at their move-in to their tenants. The Property Manager will not conduct any type of orientation for new tenants.
- Association Amenities. Except to the extent reasonably necessary to enforce its rights under a rental or lease agreement, an Owner shall have no personal privileges to use the Association Property, including all the recreational amenities at ALTA. Each leasing Owner’s rights to use the amenities at the Project transfer to the tenant during the entire term of a rental or lease agreement. However, a leasing Owner retains limited rights to access into the Common Area to the extent necessary to enforce the terms of its rental or lease agreement.
- Insurance. All Owners should ensure their tenants maintain the appropriate renter’s insurance in sufficient amounts to cover the cost of replacement of all such tenants’ personal property and liability at the Project during the entire term of their respective lease agreements. Since each insurance carrier may vary in policy, it is each Owner’s responsibility to obtain the appropriate type of insurance for such Owner’s Condominium while it is leased and that the form of such insurance, including all coverage amounts, complies with such Owner’s obligations under the applicable Governing Documents. Depending on the insurance carrier, an Owner may be required to change their property insurance coverage to a commercial or other type of business policy as dictated by such Owner’s individual insurance carrier. Neither the Association, nor the Property Manager, may advise you on such matters.
- No Hotel, etc. No Condominium may be rented for hotel, motel or transient purposes or for any other purpose inconsistent with the Declaration.